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Pensions Act 2011

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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

Pension compensation sharing: postponement of compensation

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30(1)Omit paragraph 11 (deferral of compensation).

(2)In Part 4 after the Part heading insert—

Postponement of compensation

16A(1)Regulations may prescribe circumstances in which, and conditions subject to which, a person who becomes entitled to periodic compensation under paragraph 4 or 6 may elect to postpone the commencement of periodic compensation under that paragraph.

(2)Where the commencement of periodic compensation under paragraph 4 or 6 ceases to be postponed, the Board must determine—

(a)the relevant amount, as at the time the periodic compensation would have commenced if its commencement had not been postponed, and

(b)the amount in paragraph (a), increased in accordance with actuarial factors published by the Board.

(3)References in this Schedule to the amount of an actuarial increase under this paragraph are to the difference between the amounts in sub-paragraphs (2)(a) and (2)(b).

(4)In sub-paragraph (2) the “relevant amount” means (as appropriate)—

(a)the amount mentioned in paragraph 4(3)(a), or

(b)the aggregate of the amounts mentioned in paragraph 6(3)(a) and (b).

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